Kenya trails Nigeria, South Africa in Africa’s fastest-growing firms

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The number of Kenyan firms listed among the top 100 fastest-growing businesses fell from 9 in 2024 to 7 this year, while the local businesses also saw a slip in ranking, losing out on top places.

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Kenya is trailing Africa’s largest economies — Nigeria and South Africa — in producing the fastest-growing companies on the continent as local firms struggle to expand in the region.

The ranking of Africa’s fastest growing companies in 2025 by the Financial Times (FT) in collaboration with Statista shows South Africa dominates the list of the continent's fastest growing companies, reflecting growth opportunities in Africa’s biggest economy.

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Note: The results are not exact but very close to the actual.